Comments on: Fixer’s Quicker Cash Flow – Less Competition http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/ Making money with real estate anytime, anywhere Tue, 11 Oct 2011 14:39:40 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: FixerJay http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-119 FixerJay Fri, 19 Dec 2008 17:24:54 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-119 Converting single family houses into duplexes is usually not productive - goes double for inexperienced investors. It's filled with many pitfalls. Recommend buying rundown units and fix them up for new investors starting out! FIXER JAY Converting single family houses into duplexes is usually not productive – goes double for inexperienced investors. It’s filled with many pitfalls. Recommend buying rundown units and fix them up for new investors starting out!

FIXER JAY

]]> By: mark http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-117 mark Wed, 17 Dec 2008 18:57:41 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-117 Thank you Jay for getting back to me! Yes I have the book you have mentioned. I will try to attend a seminar in the near future. Multiple units are hard to come by in this area at reasonable price. Duplexes seem to be a good way to go, however, if the home is not an exisiting duplex am I allowed to convert a building (single family home) into a duplex for added rental value? -providing the dwelling is in an authorized zone. Some towns allow you to rent out an apartment or an above garage studio etc... Can a duplex be created in this type of zoning or does it depend on each town and their own set of regulations? It is amazing to me that I can look at ranch house and determine how to split it into two. Have you ever done this? When a home is constructed initially as a single family dwelling does it have to stay that way forever? Thanks, Mark Thank you Jay for getting back to me! Yes I have the book you have mentioned. I will try to attend a seminar in the near future. Multiple units are hard to come by in this area at reasonable price. Duplexes seem to be a good way to go, however, if the home is not an exisiting duplex am I allowed to convert a building (single family home) into a duplex for added rental value? -providing the dwelling is in an authorized zone. Some towns allow you to rent out an apartment or an above garage studio etc… Can a duplex be created in this type of zoning or does it depend on each town and their own set of regulations? It is amazing to me that I can look at ranch house and determine how to split it into two. Have you ever done this? When a home is constructed initially as a single family dwelling does it have to stay that way forever?
Thanks,
Mark

]]> By: FixerJay http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-116 FixerJay Thu, 11 Dec 2008 16:43:02 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-116 You didn't say which of my books you are reading, however; they all recommend several units together as opposed to a single house. The odds are better that you'll always have some income - plus, multiple units are cheaper per unit, which means your rent to value ratio is better. That means a higher rent return for a lwer valued unit. Rent to value is explained on Page 110 of "INVESTING IN FIXER-UPPERS". If you are brand new - a good seminar like mine would help you a great deal. You can't learn everything in 3 days, but you would learn some basics to start you on the right foot. My seminar workbook is available for those who find it impossible to attend. Call if you wish: 1-800-722-2550. FIXER JAY You didn’t say which of my books you are reading, however; they all recommend several units together as opposed to a single house. The odds are better that you’ll always have some income – plus, multiple units are cheaper per unit, which means your rent to value ratio is better. That means a higher rent return for a lwer valued unit. Rent to value is explained on Page 110 of “INVESTING IN FIXER-UPPERS”.

If you are brand new – a good seminar like mine would help you a great deal. You can’t learn everything in 3 days, but you would learn some basics to start you on the right foot. My seminar workbook is available for those who find it impossible to attend. Call if you wish: 1-800-722-2550.

FIXER JAY

]]> By: mark http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-115 mark Wed, 10 Dec 2008 17:53:22 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-115 hello Jay, I am just getting started and have a million questions. I have your book and find it most helpful. I guess what worries me the most is just starting-finding a house and turning it over as a rental. The economy in New Jersey seems to be as bad as anywhare else, however, I know that it is not as bad as it seems. People are out there and I honestly believe their is a great need for clean rental houses as so many people are losing to foreclosers. I am most worried about cash flow and the ability to invest to fix up a home and quickly rent it. I myself am limited in cash. I lost my job and want to take a leap of faith in this business. I can't really afford to make mistakes. Any adivise will be greatly appriciated. Thank you! Mark hello Jay,
I am just getting started and have a million questions. I have your book and find it most helpful. I guess what worries me the most is just starting-finding a house and turning it over as a rental. The economy in New Jersey seems to be as bad as anywhare else, however, I know that it is not as bad as it seems. People are out there and I honestly believe their is a great need for clean rental houses as so many people are losing to foreclosers. I am most worried about cash flow and the ability to invest to fix up a home and quickly rent it. I myself am limited in cash. I lost my job and want to take a leap of faith in this business. I can’t really afford to make mistakes. Any adivise will be greatly appriciated.
Thank you!
Mark

]]> By: Roy Northcutt http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-72 Roy Northcutt Mon, 27 Oct 2008 17:44:15 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-72 Jay, When will your latest book be available for shipment? I want my future copy to be personally signed by the author. I don't have time for book signing tours. Roy Jay,

When will your latest book be available for shipment? I want my future copy to be personally signed by the author. I don’t have time for book signing tours.

Roy

]]> By: FixerJay http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-71 FixerJay Fri, 24 Oct 2008 18:19:29 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-71 Roy - You are right on target. You are acquiring houses that look like Don's houses you saw at Fixer Camp during our field trip. When you learn to spot the potential quickly - then act, your competitors are left in the dust! When you get rich (which is bound to happen), your friends will all say --- There's Roy, the luckiest man inthe world! No one will have the slightest notion that you developed your millionaire skills. It's lonely at the top! FIXER JAY Roy – You are right on target. You are acquiring houses that look like Don’s houses you saw at Fixer Camp during our field trip. When you learn to spot the potential quickly – then act, your competitors are left in the dust! When you get rich (which is bound to happen), your friends will all say — There’s Roy, the luckiest man inthe world! No one will have the slightest notion that you developed your millionaire skills. It’s lonely at the top!

FIXER JAY

]]> By: Roy Northcutt http://fixerjay.com/blog/fixing-for-money/fixers-quicker-cash-flow-less-competition/comment-page-1/#comment-70 Roy Northcutt Fri, 24 Oct 2008 12:43:15 +0000 http://fixerjay.com/blog/2008/10/20/fixers-quicker-cash-flow-less-competition/#comment-70 Jay, Most of my houses were obtained by Method # 2. Mostly burned out amateur landlords who became highly motived to sell at well below market once a deadbeat tenant trashed their house. When I shop for houses, I look for FSBO signs attached to houses with that sad neglected look. The owners are always happy to talk to me. Roy Jay,

Most of my houses were obtained by Method # 2. Mostly burned out amateur landlords who became highly motived to sell at well below market once a deadbeat tenant trashed their house. When I shop for houses, I look for FSBO signs attached to houses with that sad neglected look. The owners are always happy to talk to me.

Roy

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